Hong Kong flag carrier Cathay Pacific Airways’ cargo business faces declining China-US e-commerce volumes, rising chartered flight cancellations and falling freight spot rates, but full-year profits could be cushioned by lower jet fuel costs, according to a research report. The report, which was published by HSBC on Wednesday, also said the company’s cargo business would…
HONG KONG — The operator of the luxurious Peninsula Hotels chain is writing off the entire book value of its stalled $130 million project in Yangon, as the outlook remains bleak four years after Myanmar’s military seized power from the democratically elected government. Hongkong and Shanghai Hotels said after trading hours on Friday that it…
A version of this post first appeared on TKer.co After hitting a few bumps over the past month, the bull market resumed and stocks hit record highs last week. This happened despite some notable headwinds intensifying in recent months. Long-term interest rates, while off their highs, remain above levels we’ve experienced in recent years. This…
Baird Investment Strategist Ross Mayfield joins Market Domination to discuss his stock market outlook and potential challenges facing investors. “There’s always no shortage of headwinds. The question is just whether they outweigh the things the market has going for it,” Mayfield told Yahoo Finance, highlighting critical factors such as the presidential election, earnings expectations, and…